کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5055338 | 1371489 | 2009 | 5 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Is high real interest rate persistence an intrinsic characteristic of industrialized economies?
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Recent empirical findings show that post-war real interest rates are quite persistent and that they also contain a large number of structural changes in their means. In this study, we also find concurring results for real interest rates from thirteen industrialized countries. We show, however, that when the presence of various nonstationarities such as changing means is accommodated, some of the real interest rates exhibit substantially lower persistence or even become I(0). Our findings indicate that high real interest rate persistence is not necessarily an intrinsic characteristic of industrialized economies.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 26, Issue 2, March 2009, Pages 359-363
Journal: Economic Modelling - Volume 26, Issue 2, March 2009, Pages 359-363
نویسندگان
Gawon Yoon,